● US factory orders unexpectedly drop for 2nd straight month | LA Times
Orders for durable goods, a key indicator of manufacturing activity, unexpectedly dropped in September for the second straight month in a potentially troubling sign for the U.S. economy.
● Wall Street eyes Fed’s next move as QE winds down | USA Today
Quantitative easing, the policy experiment the Federal Reserve hatched during the financial crisis, is expected to be phased out by the Fed Wednesday when it concludes its two-day meeting.
● Consumer confidence jumps in October | Reuters
US consumer confidence rose in October to its highest level since October 2007 as views on the job market improved, according to a private sector report released on Tuesday.
● World Bank: China Needs Reform, Not Growth Targets | AP
China’s growth could decline to close to 7 percent next year but Beijing should focus on overhauling its economy instead of trying to stick to official growth targets, the World Bank said Wednesday.
● US home-price growth continues to slow | HousingWire
Home-price growth continues to slow, according to the latest S&P/Case-Shiller Home Price Indices for August 2014.
● The narrowing of global imbalances | VOX
Global current-account imbalances narrowed substantially over the past eight years. As a result, the systemic risks associated with these imbalances have decreased.